The Decentralization of NEAR

    Introduction

    This analysis delves into the topic of Near validators and their decentralization since its inception. Using Flipside's fact_staking_balances and fact_staking_pool_daily_balances tables, we explore the decentralization of Near's ecosystem and aim to understand whether it has become more or less decentralized over time.

    Additionally, the Nakamoto coefficient is calculated as a measure of network decentralization. Furthermore, the analysis examines the distribution of Near stakes among validators and how it has evolved.

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    Overview
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    Method

    As specified in the bounty description, I gathered all the data from Flipside's new tables called "fact staking balance."

    The data is based on Near amount, and the count of active validators is determined using seat price. One can refer to the official Near website on staking and validators for verification purposes at (https://explorer.near.org/nodes/validators). I hard coded the Seat Price.

    Furthermore, credit for the Nakamoto coefficient section goes to #RMAS, which can be accessed at (https://flipsidecrypto.xyz/rmas/q/2023-05-06-01-02-pm-VfJ4M0).